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no deal. >> the president wants more revenue and fewer spending cuts then if we fell off the fiscal cliff. >> pulling the rug out from under these families would delay the recovery. how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned layoffs rose 20% to their highest levels in six months. consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're l
a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the mi
and the house speaker boehner to work out a deal to avoid the fiscal cliff what if they say we have a deal, wouldn't players on both sides, the tar right and the far left, be angry? would it make more sense to wait until the last minute and then tell us? could that be what is going on? >>shepard: north korea is reportedly planning a rocket launch. technical glitch forced officials to add an extra week to the take off window. they now report the launch will take place some time before december 29. officials claim they are trying to put a satellite in space but the united states does not believe it. they say the regime is planning to test a long-range nuclear capable ballistic missile. the navy moved warships to the region to track and possibly defend against the planned launch. defend. and now the news from washington, dc. what are foes saying in the united states about this? >> only that the delay appears to is done nothing to dissuade north korea from moving ahead with what is believed an effort to build an intercontinental missile aimed of having a nuclear warhead. >> as far as we can te
entrepreneurship. so what's a short-term fiscal cliff deal and longer-term budget, what does that come how does it have to be structured in your view in a way that will put us in a position to deal with these other things? >> short term it's the issue of the sequester between dollars, how do we make the cut but the president is very clear about this. we should not cut access to higher education. my own state, we've seen cutting of fire education. how is that going to help pennsylvania's, or americans to build have access when attractive companies, if we don't have a skilled workforce. that's always been important, how do we actually -- so we need to make sure that we're helping education, our role. [inaudible] all of our schools could do better, either finest public schools. in my own district has lots of very good schools and some that are struggling. even the most on the wealthiest school districts want the federal government to help them. that starts at a very early age. access to education i don't have families and digits are earning incomes of $50,000, think about that. how do they do that
jerramy e centanni is live with the latest on the fiscal cliff. >> reporter: there is no deal yet. no negotiations, face to face, but one republican is giving ground this morning on a major stumbling block. and that's the tax rates for the wealthy. and a key democrat expressing optimism. here's the two side, moving a bit closer together on "fox news sunday." let's listen. >> i think we will get an agreement. the reason i think we will get an agreement. what's standing in the way is revenues, particularly making that top rate go up to 39-6. but i think we are seeing real progress. i think you will see our republican colleague, reluctantly say let's go up to 39-6. >> a lot of people are saying, give the president the 2% increase he's talking about, the rate increase on the top 2%. so there is a growing body. i am beginning to believe that's the best route for us to take. >> reporter: saying, go ahead give the president the tax increase on the highest 2% of wage earners. but house speaker and john boehner have not sat down for negotiations. even though corker is saying there is growi
's optimism, the president and speaker boehner will strike a deal on the fiscal cliff, nbc's first read team says any deal is fragile. the biggest obstacle right now. >>> "nour business" entrepreneur of the week. lauren wanted to introduce kimchi to mainstream america. with the former skills as a marketer, she created mother-in-law's kimchi using nonethic packaging to appeal to a mass market. for more, watch "your business" this sunday morning on msnbc. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic re
. >>> meanwhile, back in washington, with just over three weeks left to make a deal on the fiscal cliff, both sides out with new statents today. and on the surface, they still sound far apart. president obama this morning saying he's going to insist on raising taxes on the wealthiest americans no matter what. >> if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> meanwhile, on the other side of the aisle, republican senator marco rubio gave the weekly republican address today. part of his message? the tax rate should not go up on anyone including the top 2%. >> we must reform our complicated, uncertain, job-killing tax code by getting rid of unjustified loopholes. but our goal should be to generate new revenue by creating new taxpayers, not new taxes. >> joining me, author of "the escape artists: how obama's
getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we have reached a crisis point in our anntry there's been institutional response to tit. we created a central bank. that has proved to be enormous for the past five years and important for years before that. post-world war ii, we create a system and the department of homeland security. i wonder if there's not an institutional -- >> some did not work as well as others. >> that is exactly right. it reflects our values and the focus of the government'. we should have a department of homeland prosperity. we need somebody other than the aboutent to think american competitiveness. something we've taken for granted because we were the
december 17 to deal with the fiscal cliff. the house returned to business this week on tuesday at 2:00 p.m. eastern. they will be appointing members to work with the senate on defense programs. live coverage when the house returns here and c-span. the synod -- the senate returns on monday. they will also consider a nomination for assistant secretary of housing and development. live coverage when they return on c-span2. >> joining as and vermont is governor peter shumlin. thank you for being with us. >> it is great to be with you. thank you for being with us. let me begin with some news of the weekend. that is former republican gov. charlie crist is not a democrat. do you welcome him to the democratic party? is this setting the stage as a potential run as governor as a democrat nunn could 2014. >> he was hugely helpful in electing president obama. it is a great victory for us. he is an incredibly capable victor. we do not take sides before we know that we have one single candidate. everyone knows he was a great governor. he led florida with precision. if he is a candidate, we would welcom
cautious as u.s. leaders agreed to reach a budget deal to avoid the fiscal cliff. tokyo's nikkei gained a fraction while hong kong's hang seng added a quarter percent. >>> this week the federal reserve is expected to announce a new bond-buying program aimed at lowering interest rates. if it works, it might soften the blow if the nation goes over the fiscal cliff. fed chair ben bernanke has said if a budget deal can't be reached, there's little the central bank can do to offset the shock of those spending increases and tax cuts. >>> a strong sales report from mcdonald's offset wall street's worries about the fiscal cliff negotiations. the dow added 15 points while the nasdaq gained 9 points. >>> hsbc is paying a record $1.9 billion to settle a federal and state money laundering probe. the british bank was under investigation for allegedly transferring billions of dollars on behalf of iran which is under international sanctions. hsbc is also alleged to have laundered money from mexican drug cartels. under the terms of the settlement, the bank will avoid criminal prosecution if it meets ce
of the leadership. the headlines and the ap has the headline fiscal cliffs appear to be stalled and the hill's headline edge towards the deal and deficit reduction negotiations. are both true? >> both are true and you have to look at the totality of the story. today is wednesday and you and i have been having this conversation for a while. you have some type of deal as we are headed to this weekend. this is about the give-and-take. we saw the white house who reported they went from at one point $6 trillion in revenue that they wanted. down to 1.4. i wouldn't be surprise fed that continues to go down. the most important thing as we pointed out, both sides continue to talk. even if the phone calls right now are not all that pleasant, even if they are tense, the fact that they are still talking is a pretty good sign that a deal can get done. >> realistically would we get to the point where they would not talk? especially on the tax rate issue alo alone. the evidence from the polling and point it a solid proof of at least what the american people expect on that issue. >> that's right. a lot of t
be aimed at easing the blow if a deal on the fiscal cliff is not reached by year's end. >>> a temporary retraining order and injunction against transcanada took effect today. it stepped construction of a pipeline from canada to the gulf coast. a texas judge issued the order after a private landowner claimed he was defrauded by the company. >>> and stubhub has struck out with several major league baseball clubs. the new york yankees, chicago cubs and l.a. angels of anaheim apparently had enough of their ticket selling less than face value on the website. mlb extended the partnership with stubhub through the year 2017. that is the latest from the fox business network, giving you the power to prosper. melissa: speaker boehner taking the house floor with just 20 days left until we fall off the fiscal cliff. lori: what is so funny about that? melissa: i don't know the image of us diving over the cliff. he says it is time for president obama to get serious. rich edson --. lori: sorry to interrupt. melissa: he has the latest. rich. >> that image is getting closer and closer to reablety here as
spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a
anything right now. maybe we should send him to capitol hill to negotiate a deal on the fiscal cliff. >> there's an idea. >> there's an idea, jim. >> we've got to finish this season first. >> let him finish the day job. >>> let's talk a little bit about your toy drive. how can people get involved in help? >> the season of giving is still in full swing. and this time around, we're focusing on children. we want to give toys. new toys. to children in need in the washington community. two opportunities this coming saturday from 12:00 to 4:00, in the district at the central union mission and in prince george's county at iverson mall. check out whur.com for more information. >> it's easy to do. there are great deals out there. you can make a big difference. just one thing is all it takes. thank you so much. pat, back over to you. >>> new at 4:30, an arrest on a horrific scene. a man pushed to his death on a new york subway. >>> ahead on news4 at 4:00, why the photographer who captured the victim's final moments says he doesn't regret taking the pictures. >>> first the white house, now the
morning. thank you so much. in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to hire taxes for the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us s
say, mano a mano. whatever. the effort to reach a deal on the fiscal cliff is now a two-man operation. interesting. president obama and speaker boehner. nobody else. with 24 days before a year-end deadline, "the new york times" says boehner made the request to clear the negotiation room going forward, leaving it up to himself and the president to reach a deal to avoid automatic tax hikes and deep spending cuts. and while the two men may be negotiating privately, yesterday the president took his message to the public, visiting a local virginia family as a part of his my2k social media campaign, sitting around the kitchen table. he told the family he was optimistic. >> the message that i think we all want to send to members of congress is, this is a solvable problem. the senate has already passed a bill that would make sure the middle-class taxes don't go up next year by a single dime. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for fam
on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the nomination. and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually changed since last summer's debt debacle? my sense is we may be closer to a deal than some of all the publicr7ó(w- leads to you believe. we'll talk about that. with our political round ta
the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what they discussed suggests that they're hopeful of a deal, although i have to tell you. the president sounded pre
year, two years, i do think obviously getting over the fiscal cliff the deal, getting closer to balancing the budget, which i think is still very important in the mindset of businesses and this government, that we learn to do that. but i do hope because of all the discussion that tax reform is something that is taken seriously for this year. i think it's well overdue. it's been posited as something that should be done now. it's obviously doesn't have time to do it before december 31. i think that there's a real opportunity to make a lot of the changes that we have talked with through -- about through tax reform. and it will give businesses a lot of the assurances they need that the government is paying attention. >> you should tell barack obama to find a jim baker, then. >> i have an idea for you. which is, this is -- if you think about each time we reached a crisis point of enormous proportions in our country, there's been an institutional response toe it. we had a number financial crises through the late 1800's early 1900's, we create add central bank. and that has proved t
can't strike a deal by year's end, to avoid going over the fiscal cliff. that's when automatic tax hikes and spending cuts would take effect. new york's senator charles schumer says the government usually has a hands-off policy when it comes to disaster money. >> the federal government has had a view for 100 years. when god's wrath strikes, it's so overwhelming at local its, -- localities, even big ones like new york can't handle it on their own. >> you don't know for sure? >> you don't know for sure n. washington, who knows? >> reporter: many sandy victims say they're so concerned with putting their lives back together that they don't even know what is going on in washington. and they've never even heard the fiscal cliff. >> this is news to me. i didn't hear that part. >> reporter: anthony spent sunday, seeking fema dollars. he's homeless and can't understand how congress can help cut vital budgets like fema's? >> crazy. doesn't make sense. we need it down here. and there's a -- people down here a lot more destitute than me. >> reporter: con
briefing, that reaching a deal on the fiscal cliff before christmas would be difficult. this is 10 minutes. >> speaker boehner said he'd waiting on president obecause mo -- obama to outline the spending cuts. that's a strange thing for the speaker to say. president obama outlined specific cuts in his proposal to the republicans. while republicans have not offered anything specific in cuts whatsoever, and of course nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts, tell us what you want. that's what i say to them. we can't read their minds. we're not going to make the proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if in fact they understand, which i hope they do by now, that we're going to look out for the middle class first. the only thing standing in the way of an agreement is republicans. their insistence on holding tax cuts for middle class families hostage to the fiscal cliff. there's a lot of bluster coming from republicans but that facade is crumbling quickly. ever
could tumble off the so-called fiscal cliff if washington can't strike a deal. so with the clock ticking and the stakes so high, both the white house and republican leaders are tamping down their fiery rhetoric. listen to president obama's sales pitch for his version of a compromise. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> brianna keilar is at the white house. brianna, are meetings going on outside of the public's view? is that your understanding? >> reporter: well, there are discussions. that is what we're told. as we understand it, obviously, the last meeting between the president and speaker boehner was on sunday. but we're told by both the white house and the speaker's office that discussions are ongoing, so, obviously, they can all pick up the telephone, and that, quote, the lines of communication are open. this is thing we're hearing over and over again. but make t
. >> the joint economic committee today heard from the two economists on how to deal with the fiscal cliff. marchese said tax increases are necessary to reduce the deficit. senator bob casey of pennsylvania chaired the hearing. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues which are sometimes broadly described under the umbrella of the terminology, fiscal cliff -- when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we kn
are on the question of resolving the immediate fiscal cliff issues. how would you describe your feeling that there will be some kind of accommodation and a deal on the tax or spending sequester side or both? >> good morning. i am not gene sperling. i am pleased to be with you and give you my perspective on where we are. i will start by something i often say when i am giving remarks in my district -- that i am struck with in my district in philadelphia. people of this same group no matter how partisan or how non- partisan the group is, people will say different things to me. they will say, i want you to go to washington and stand on your principles. do not give an inch. go and fight for us. i say, i will. someone else will say, i want you to compromise, find that middle ground, and get things done. that is the 10th time that has happened. that is what they hired me to do is to figure out how we do both. it is our job as representatives in congress to fight for our values and priorities and principles we believe in and get something done. the divide that we are facing right now is -- i ho
but the house will be back in session december 17 to deal with the so called fiscal cliff. the house will not asuren until an agreement is reached. when the house is back in session live coverage as always on c-span. a report out of the labor department show that is 146,000 jobs were added in november and the unemployment rate falling to 7.7%, the lowest since december 2008. there had been concern that is hurricane sandy could afblingt the numbers bit only had a minimal effect. employers added fewers jobs in october and september than initially estimate pped and the unemployment rate fell mostly because more people stopped looking for work. earlier today on capitol hill john boehner commented on the fiscal cliff negotiations with reporters. >> this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and jobs the white house has wastde another week. secretary gitener came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending thanned the in cuts. and
principles. host: do they believe a recession could happen if we fall off the so called "fiscal cliff?" guest: they do. what we saw last year is business leaders were concerned that washington was not going to come together with a deal. and that it could end badly, but it was a more muted concern. they just trusted washington would get it done. given how quickly things happened last time, they are taking a much more active role. business leaders have come to washington to require a minimum height standard for the ride of the fiscal cliff. they want to make sure that members of either party who are speaking out are as close as possible to simpson-bowles. talk about real cuts, about real revenue. it's much more and ownership in the process this time. host: where does your group come down on regulations? guest: our job is to go out and get business leaders around the country more involved. the business leaders speak for themselves. business leaders are generally extremely influential in their home markets. there are the kind of people if that can give a member of congress moderate republican or
's, virginia, earlier today, pitching his plan to end the standoff over the fiscal cliff. meantime on capitol hill, lawmakers began talking about what will and won't happen if a deal can't be reached in 25 days. tom fitzgerald is following it all. tom, the president stay on the hard sell today. >> reporter: he has, shawn. while the president has kept his distance for the most part in the face-to-face talks going behind the scenes with republicans, he spoke on the phone last night with house speaker john boehner. the spears' offer of $800 billion in new revenue is not close to the $1.2 trillion that the white house wants. the president's focus today is what will happen if no deal is reached to middle class taxpayers. president obama left the white house and headed to this house. a home in falls church where this high school teacher shares with her parents, her husband, and her son. >> this is a solvable problem. >> reporter: the trip was arranged after santana contacted the white house describe how the $2,200 more in taxes would affect her family. >> a couple thousand means a couple of months
back in session on december 17 to disco -- deal with the fiscal cliff. the house will not adjourn until an agreement is reached on preventing spending cuts and tax increases scheduled to take effect on january. on washington journal" we have been looking elements of the so- called fiscal cliff -- a discussion of the expiring tax provisions set to hit january 1. host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say they should be made permanent or they should be eliminated altogether. it is easier to pass when they are temporary. they keep on being extended and extended. host: we will look at some of these. these are some of the tax extenders and the c
, everybody is saying it is a fiscal clove -- a fiscal slope, not a fiscal cliff. it is not like a zombie accomplice happens. if market confidence was up the window, that could be damaging. >> i think is likely there is going to be a deal, some other deadline for another deal next year. it is really important and they not said a whole series of opportunities to have that kind of collapse again. they have a couple months, but they have to make sure whenever they come up with for the last significant period of time. i think that will build confidence. i want to come back to the question of housing. i think is so important to overstate the importance of housing to the economy. especially from the starter business and start up perspective. those are the companies with a lot of job creation. they all grow very rapidly, sometimes growing into large companies. they are not starting up that high written all right now. a big chunk of that is confidence. folks often do not have financial resources. if there are looking at the value of their home and 401k, they are taking a risk. there are calculati
we, on the question of resolving the immediate fiscal cliff. how would you describe your temperature, your feeling that there will be some kind of accommodation and a deal even on the tax and spending and sequester side or both? >> good morning. glad to be with you and give you my perspective on where we are. to the beginning of your question, i often say one i am giving remarks that -- people in the same group, no matter how ponce and they are, people -- no matter how partis and they are, people will say two things. i want you to go to washington and stand on your principal. i want you to fight for us. i say, i will. someone else will get up and say, i want you to compromise and find the middle ground and get things done. this is the 10th time this just happen to me. i say, that is exactly what they hired me to do, to figure out how we do both of those things. it is our job as representatives in congress, to fight for our values and the principles we believe in and still can something done. that is where we are right now. the divide we are facing right now -- i hope all parties unde
-called fiscal cliff and also achieved a broad deal that would help address this long-term deficit challenge that we face in a way that helps the economy grow and create jobs. that's our focus at the moment, and we believe it is coming. >> on susan rice the clock is winding down president clinton signed for next month and there's the regulation that a decision would have been made by now as to who will replace her. is there a hold of? >> there is no holdup. the president has made no decisions and i have no announcements to make. >> about the decision to allow the corporate for the inaugural activities, why did the president change his mind on that? >> i think he's taking questions on that. i haven't had that discussion. >> the president was a part of the transition in 2008, 2009. the announced the reason they were sitting limitations was to put the country on a new path. this is not the division, this is a presidential decision. >> but that is handling questions like that. i haven't had a discussion with anyone here in the committee so i would address your questions there and i am sure they
, it will be a big deal. >> who's on the show this morning? >> we'll be talking inside these fiscal cliff negotiations. top lieutenants on both sides, kevin mccarthy for speaker boehner and dick durbin, senator durbin, white house ally, and we'll touch on sir, yeah an ongoing crisis and a lot happening this week on that. newt gingrich joins our roundtable as well. the press pass up there we have rick santorum who has things to say about how this fiscal cliff negotiation is going. >> all right. sounds good, david gregory, thank you for joining us. >> see you in a few minutes. >>> let's go to chuck now. we're dealing with fog and slick roads out there. >> good morning, you guys. good sunday morning, everybody. today will not be the prettiest day to be outside. we'l >>> the national zoo says one of its bears may soon give birth. here's a picture of billie jean, andean bear, and she's pregnant with two small cubs. the vets say she built a nest and staying inside a little more. she's also eating less. they say that that's, you know, pretty much the same way she acted the last time that she gav
because we're stuck in a real tough environment right now with that darn fiscal cliff deadline looming, three weeks away, our political leaders getting absolutely nowhere -- >> buy buy buy! >> sell sell sell! >> it doesn't mean we stop searching for opportunities to make money. even in the most dismal markets there are always stocks that have the ability to go higher. just got to find them. takes a lot of work. one i've been doing a lot of work on, it's called dst systems. dog sam tom. now, dst is not a great business. hmm. but i think it could be a terrific stock. the reason? i see number signs suggesting that dst could be preparing itself for a sale. and if not, it sure as heck should be. but even if dst doesn't get bought out, it has a fabulous story. it's a tale that we've repeated over and over again. it's one that's made big money in a number of stocks for us. see, dst, which is just a terrible name for a company, but that's what they call themselves, is a company where the whole is currently worth a lot less than the parts. now, in recent months dst has started to get aggressive
, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how difficult it is and how the story changes to a certain steextent each day. who knows what's going to happen. >> public care, confidence numbers, spending, any relationship to the fiscal cliff at five. >> i don't know. i just don't know. i think anecdotally, from what i have been able to observe, no. but i can't speak for that. the journal today has the lead stories of consumer spending starting so slow. and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radical tax increase. it was m
's a deal struck on the fiscal cliff. i think boehner is trying to exert control. leaders try to exert control before these votes happen. sometimes weeks before. so this was a warning to house conservatives, that if you go against leadership and a deal is struck, there are going to be consequences. >> yeah. so chuck todd, let's talk about the other side of pennsylvania avenue. the president of the united states yesterday speaking with john boehner. and they wisely decided not to characterize that phone call, thank god for the sake of america. and the world. also, you had tim geithner. good god. >> he didn't say anything he hasn't said before. >> geithner on the sunday shows was saying oh, yeah, the republicans are going to back down. they're going to cower in the corner, tremble and whatever. and then yesterday he said we're going to go over the cliff if republicans don't do what we want. i'm curious, what's the white house attitude right now? are they willing to go over the cliff? is geithner right? >> are they willing to go over the cliff? i guess they are, but they also don't believ
the fiscal cliff. the president heard how tax increases would affect a middle class family like that one if no deal is reached by the end of the year. democrats and republicans are still at an impasse over raising taxes for the top 2% of the nation's earners. >>> police arrested a 17-year-old student in montgomery county who brought a gun to school this morning. the campus officer arrested octavio estevez in rock vail. he was not supposed to be at school today but showed up anyway. the campus officer asked him to leave. when he didn't, the officer searched him and found an unloaded handgun in his backpack. >>> exclusive details about efforts to relocate the fbi headquarters on pennsylvania avenue northwest. d.c. officials have privately said they would support moving the fbi to prince george's county if the county would allow the redskins to move back into the district. today the county publicly dismissed that idea. >>> tonight police are searching for clues in what they believe to be a planned attack in a northern virginia hotel. someone sexually assaulted a female hotel clerk last nigh
're really talking about as part of the fiscal cliff. >> that is what might be cut. that is what automatically expires. we know it cost $30 billion to continue additional unemployment benefits. of the deal i want to make, the benefits should continue. firm stand. we have seen in the past obama host: what specific benefits do guest: usually some kind of a cash benefit or they may help the search for a job. it is usually about $300 a week. it can vary from state sen. in the mississippi i want to say it is closer to $200. host: how are the programs funded? payroll taxes. through the trust the state administers the program and the money goes to the unemployed. host: talk about qualifications order to apply? guest: generally what you have to do is you have to have a year certain threshold. you have to have been let go from a job. and necessarily qualify for -- to qualify for unemployment benefits. if he graduated from college and do not have a job, you getit is a pretty easy system to get into if you were laid off after 10 years. host: we have some qualifications a person must meet on
editor of postpolitics.com. the fiscal cliff, the people that we polled, americans get it. they want, two-thirds of them, 65% say they want a deal to be done. they want compromises even if it means targeted entitlement cuts and tax increases. >> yeah, and i don't think we should be terribly surprised by that, andrea. the truth of the matter is over the last decade or so what we've seen is congress, really, because of redistricting and other things like that, members of congress don't tend to have to represent the middle of the country. they wind up representing their two-party bases, the people that deeply disagree. democratic base does not want entitlement cuts, republican base does not want to raise taxes. but people in general like the idea congress can get something done on something big. now, i would say there's a little bit of devil in the details. the question does ask about entitlements and taxes, but what entitlements, what specifics on the taxes. i think if you add in those things, the polling i've seen is people like the idea of a deal, but when you say the deal is going to be
% of some sort of deal would be reached to avoid the fiscal cliff and i know it's hard to read the tea leaves because in the meantime you have these offers that are not serious. it's like fiscal cliff bungee jumping. i believe the odds are good that there'll be some sort of deal made. >> let's get into the longer-term deal which i think almost everyone agrees, entitlement reform and tax reform is going to take place in 2013 and maybe 14. it's a long process but just in the short term, can the republicans, can enough republicans while a win say we don't like it but we will have to go along for now whether it's 39.6% rate in comeback with the promise next year of trying to lower it and broaden the base? >> i would much prefer we do the kind of reform that i laid out in a bill a few weeks ago, not inking this bill would become law but this bill would show a path forward with $4.5 trillion in savings. i think that, in the event that the house feels that when they see that the senate is obviously controlled by the democratic party and the democratic president, he basically have a president,
. when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were under clinton. and return will put a limit on cost of living increases for social security, will increase the eligibility age for medicare. as the republicans are demanding is not an acceptable compromise as far as i'm concerned. you have a lot of democrats voting against any such agreement. >> eliot: you are raising the critical issue that has not gotten any substantial and necessary attention as it should which is what will the cost-cutting be. where will it come from? how will entitlements be affected if at all and wh
over the fiscal cliff in january, senate democrats will be less eager to take on susan rice as the secretary of state nominee. they've said the president would win that fight. they don't want to worry about the massachusetts seat. but if they have all this stuff swap into january. >> a related issue -- >> no, i have a feeling this is not going to be related at all. >> very related. willie, what do you think the life expectancy is in new york city? >> male or female or just overall? >> anybody. what would you think? >> i'll say 81. >> it's 81. >> is it really? >> howard wolfson just tweeted -- >> i made that up. >> move to new york city. it is a remarkable thing. >> thanks. >> that gotham is -- you live longer here than you do on average in the rest of the country. 81. >> i pulled that out of thin air. i figured it was slightly higher than the national average. >> it's not 81. it's 80.9 years. i'm a politician, though. i round up. i gave you that. you live, in new york city, if you live here, till you're 87, on average. >> there it is. >> it's going to be 100. >> coming up --
this year is hopefully move beyond the fiscal cliff. i know over in the house there are discussions about when do you do this, do you do it on january 3 or do you do that in this calendar year. i would argue the very best way to deal with this would be to deal with it prior to year end and go ahead and take our responsibility seriously, make sure that we rescue the 98% of the people in our country before year end so they go into the new year knowing that that has been dealt with, and then there's other ways we can deal with the upper 2%. i know in new york, for instance, $250,000 a year is not considered to be are extremely wealthy. so maybe we deal with other machinations other than what has been laid out in public comments by the president. but i think we're going to deal with this issue. i want to come to the debt ceiling. madam president, everyone in this country knows what damage was done to our country when we pressed right up against the debt ceiling two augusting ago. i don't want to see that happen again. i do think the arrangement created between the white house and congress dur
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